Perkins Small Correlations

Mutual Funds . USA . 
Fund . Perkins Small Cap
JSCVX Fund  USD 25.84  0.28  1.10%   
The current 90-days correlation between Perkins Small Cap and Columbia Large Cap is 0.36 (i.e., Weak diversification). The correlation of Perkins Small is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Perkins Small Correlation With Market

Almost no diversification

The correlation between Perkins Small Cap and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Perkins Small Cap and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Perkins Small Cap. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in small area income & poverty estimates.

Moving together with Perkins Mutual Fund

  0.66JRAAX Janus ResearchPairCorr
  0.66JRARX Janus Henderson ResearchPairCorr
  0.66JRASX Janus ResearchPairCorr
  0.62JAAGX Enterprise PortfolioPairCorr
  0.83JABAX Janus BalancedPairCorr
  0.83JABCX Janus BalancedPairCorr
  0.87JRSAX Intech Managed VolatilityPairCorr
  0.87JRSDX Intech Managed VolatilityPairCorr
  0.87JRSCX Intech Managed VolatilityPairCorr
  0.87JRSIX Intech Managed VolatilityPairCorr
  0.87JRSNX Intech Managed VolatilityPairCorr
  0.87JRSSX Intech Managed VolatilityPairCorr
  0.87JRSTX Intech Managed VolatilityPairCorr
  0.74JACNX Janus ContrarianPairCorr
  0.73JADFX Janus Flexible BondPairCorr
  0.88JADGX Janus Growth AndPairCorr
  0.83JABNX Janus BalancedPairCorr
  0.83JABRX Janus BalancedPairCorr
  0.68JACCX Janus Forty FundPairCorr
  0.78JAENX Janus EnterprisePairCorr
  0.73JAFIX Janus Flexible BondPairCorr
  0.75JAFLX Flexible Bond PortfolioPairCorr
  0.77JAGTX Janus Global TechnologyPairCorr
  0.89JAGIX Janus Growth AndPairCorr
  0.85JAGLX Janus Global LifePairCorr
  0.91JAHYX Janus High YieldPairCorr
  0.91JAIGX Overseas PortfolioPairCorr
  0.83JANBX Janus BalancedPairCorr
  0.78JANEX Janus EnterprisePairCorr
  0.75JANFX Janus Flexible BondPairCorr
  0.89JANIX Janus TritonPairCorr
  0.9JANRX Janus Global SelectPairCorr

Moving against Perkins Mutual Fund

  0.42JRACX Janus ResearchPairCorr
  0.4JRAIX Janus ResearchPairCorr
  0.39JRANX Janus ResearchPairCorr
  0.42JACAX Forty Portfolio InstPairCorr
  0.4JAGRX Research PortfolioPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Perkins Mutual Fund performing well and Perkins Small Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Perkins Small's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
JMVCX  0.78  0.26  0.28  0.43  0.27 
(0.91)
 1.76 
(1.16)
 11.50 
JDPNX  0.78  0.26  0.29  0.43  0.24 
(0.96)
 1.81 
(1.12)
 11.40 
JDPRX  0.77  0.26  0.28  0.43  0.26 
(0.93)
 1.79 
(1.18)
 11.26 
JMVAX  0.78  0.26  0.28  0.43  0.25 
(0.96)
 1.82 
(1.15)
 11.38 
MASKX  0.94  0.08  0.07  0.13  1.02 
(1.01)
 2.00 
(1.81)
 5.59 
MDSKX  0.95  0.08  0.07  0.13  1.03 
(1.02)
 2.00 
(1.82)
 5.58 
TRLUX  0.92  0.47  0.66  0.94  0.00 
(1.13)
 1.59 
(1.07)
 13.34 
CSQ  0.67 (0.04)(0.05) 0.01  1.01 
(0.64)
 1.47 
(1.73)
 4.08 
POMIX  0.58  0.00 (0.02) 0.06  0.77 
(0.60)
 1.10 
(1.54)
 3.67 
NINDX  0.83  0.18  0.22  0.22  0.47 
(1.06)
 1.16 
(1.55)
 19.35 

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